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Rotation of auditors

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 January 2015 if the audit firm has already been appointed at the AGM for a term of 5 years , as per the companies act,2013...then does their appointment need regularisation at or needs to be noted at every AGM of the meeting till the Sixth AGM???

Thanks in Advance, kindly guide.
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CS Adnan Shaikh

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CS Adnan Shaikh (Expert)
15 January 2015 Ratification for appointment of auditors should be done in every AGM.
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CS Mitesh Mehta

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CS Mitesh Mehta (Expert)
15 January 2015 The appointment of auditors shall be made for a 5 Year term subject to ratification at every AGM
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Querist : Anonymous

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Querist : Anonymous (Querist)
15 January 2015 shoul we also file a form for such a ratification?
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CS Mitesh Mehta

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CS Mitesh Mehta (Expert)
15 January 2015 NO NEED TO FILE ANY FORM FOR RATIFICATION
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CS Deepak Pratap Singh

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CS Deepak Pratap Singh (Expert)
16 January 2015 If an auditor is appointed for a period of five years at the AGM. Then we have to take approval of shareholders at each next agm.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
16 January 2015 yes that is what is meant by subsequent ratification by shareholders at each agm.

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